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Chapter 12. Your state of mind (trader's... > If you don't feel right, you won't t...

If you don't feel right, you won't trade right

Rodney Dangerfield once complained, “It's been a rough day. I got up this morning, put on a shirt, and a button fell off. I picked up my briefcase, and the handle came off. I'm afraid to go to the bathroom.” If this is the way your day starts out, don't trade. Your state of mind is wrong.

In conclusion, you must control your state of mind and follow a well-thought-out money management plan, but the key is your state of mind. What if you are indecisive? Consider this quote from Lee Iacocca when he was bringing Chrysler back from the dead:


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